Posted On: 03/08/2016 2:19:42 PM
Post# of 11035
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COR thinks its transfer agents fault (before it blamed DTCC). So who is at fault? Transfer agent, its customers, or COR for lack of proper due diligence?
Q..."...Is there any way for DTC todetermine, as it's tracking interim activity between a record date and an ex-dividend date, whether a particular share ofstock does or does not qualify for a previously declared dividend?"
A...."I don't believe they do..."
Q... "Did -- well, COR knew at the time of this conversion that the stock that was being issued was not eligible for a dividend; isn't that right?"
A... "Yes, that's factual. Right."
Q... "Did COR take any action to alert DTC that there was some 400-plus million shares of stock being dumped on the market that was not eligible for a dividend?"
A.... "No. I think that would be the role of the transfer agent."
Q..."...Is there any way for DTC todetermine, as it's tracking interim activity between a record date and an ex-dividend date, whether a particular share ofstock does or does not qualify for a previously declared dividend?"
A...."I don't believe they do..."
Q... "Did -- well, COR knew at the time of this conversion that the stock that was being issued was not eligible for a dividend; isn't that right?"
A... "Yes, that's factual. Right."
Q... "Did COR take any action to alert DTC that there was some 400-plus million shares of stock being dumped on the market that was not eligible for a dividend?"
A.... "No. I think that would be the role of the transfer agent."
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PLEASE READ IF YOU READ MY POSTS
I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.
I invested in Calissio Resources Group because I considered the financial statements warranted an investment. For every reader here that has been paying attention to my posts, please note the following:
1) I am not licensed to give investment advice. Everything expressed here is an opinion of my own for discussion purposes.
2) The only thing I know about the upcoming merger is that typically they are good for investors. A premium is typically offered when companies go private from what I understand. I certainly was and still am an investor before this announcement was made.
3) Finally, regarding the current OS, while there is lots of conjecture, I must rely on the only available information out there which has been presented in PRs. Therefore, OS as of the last PR was 242m. Consequently, I don't believe there is reason to believe I am a majority holder, despite recent purchases, without making a large degree of assumptions.
If anyone is wondering why I am posting this, it is because I want to make sure no one misinterprets my posts or considers I have any intent on the board other than to share potential ideas/speculate on possibilities.